Closed trades in March 2018

I have stopped posting past trades about a year ago for variuos reasons. But since I did talk about the significance of the 1,60 level on EUR vs CAD I'll attach the trade I took on this asset. This is also to illustrate what patience can do to your trade. Looking at a longer timeframe may help you to see the big picture better.

EUR vs CAD

Now I'll wait for April close to decide about the next step on this pair. In the monthly analysis I came to the conclusion that CAD appears strong (see here). So it may have been the right move to close the trade at the 1,60 level.

If you have questions, or would like to give feedback, please leave them in the comments section below.

Happy trading,
TT

A couple trades I took this week (25.-29.07.2016)

EU

7

Price did react at range support. Even though this is a loser, this trade is / was
a good trade. I had a reason to get in. And the reason was valid as you can see.
My stop was just to close. But that was my risk management. News did spike me
out. This will happen at times. Am not upset. Contrary, am happy because the idea
was good. It's just I am not in this move. I decided in favor of a close stop because
of the time of the year. I did not want to be part of the move, if price moves that low.

NJ



Another loser. And another good trade. Stop was just too close.
If you look at this pair now (trade taken 26.07.2016 at 11:10) it
did move nicely in my direction. Just without me.

AJ



The close below the bear Fractal is a good sign.

Update AJ:



EJ



Update EJ:



AN



Update AN:



Update 05.08.16



I did remove the limit order thinking there is strong downside potential. There is strong downside potential, but I did not follow my plan. So I took a BE trade. BE still is a winner. I do not shed a tear for not having taken the profit I was about to take. We never know how far the market will go. It could have stopped at the grey shaded area, which is a nice level to take a trade south. But price moved higher to the level of my entry, which is also a nice level to look for further shorts. But since today is NFP friday, I'll enojy my weekend already.

UC



If this trade does not progress soon, I will close this out
before the weekend.

Update UC:



Update UC 05.08.16:

Today is/was NFP Friday. Together with high impact US news, we had high impact CAD news.
The result is as below.

NFP came in better than expected. 

NFP act. 255 exp. 180

Hourly earning act. 0,35 exp. 0,2%

But unemployment worse act. 4,9% exp. 4,8%

News not as good as it sounds. 

CAD news worse than expected.

Employment Change act. 31,2K exp. 10,2 K

Trade Balance exp. -3,6B exp. -2,6B

Unemployment Rate act. 6,9% exp. 6,9%

The combination of (at first sight) good US news and (at first sight) bad CAD news drove price up.  But I am expecting a retrace/correction to the downside next week. The range this pair is sitting in, is not broken yet. As long range resistance holds tight, I am rather bearish this pair. 

Even though the current rejection candle looks appealing, I am not going to take any position at this hour (shortly before the weekend).

Happy trading,
TT

A Couple Trades I took this Week (11.07.-15.07.2016)

My First Trade this week.

After some time of silence I think it is time to slowly get back to business. I will be looking
for trades. Starting this week I wanted to continue trading but keep my hands slow. But as you will see, I took more trades than I expected. There were some nice opportunities. They will all be presented. Bear with me if I keep the posts to a minimum. I only decided now that it is also time to continue with the blog. The posts will remain on a minimum for now. I am still in Turkey and will stay for some time here.

My first two trades this week. The first one (below) is a failed one.

My first trade of the this week

USOil



The Trade Idea is based on the monthly TF. The weekly did confirm the idea. I took the trade based on the H4 TF. It was my first trade and my first loss.

This is the second trade I took the same day. It's EU



This trade did get stopped out at the end of the week. Basically it's a breakeven trade that I suffered minor slippage. While I personally take BE trades as winners, it will be registered as a loser in the Journal.

USOil again



The original idea was still valid. The Micro structure of the market did shift north so I decided to close the trade and stay flat for the weekend.

NU



This trade is counter my bias. At the time I took the trade, my long term view was bullish.
As you can see the trend is bullish. But we are at an interesting level for a short setup. I trade what
I see. Ultimately I want to long this asset. Since there will be important news while I will be sleeping on Monday, I figured it won't hurt to take some profit now and give the remainder a chance to prove itself.

I did set a target on the remainder. Normally I don't trade with a set target, but due to the time of the year I expect rather rangy markets. So I do set profit targets. The target on the remainder got hit today on a quick spike. I don't know why NZD spiked.




AC



Due to price not moving much in my favour and me not wanting to micor manage the trade, I decided
to put the trade in a risk free state. I took half profit and left the stop where it is. Half TP is slightly more than 1xr. So it's still a good deal. The trade is again counter my bias. Ultimately I am looking to long this asset.

Finally I did close the remaing part of this trade. This asset was not moving anywhere and started to show signs of strength. Ultimately price needs to close above the current yellow area. If it fails to close above and resumes the downward move I still can jump on the train. The ideal setup for a bullish move would have been the yellow area below. But we never know what the market is goint to do next. We only need to be ready to take action.



EL



This is Euro Lira. The first time I trade this asset.
The trade is based on a longer term view. Something important did happen today, just about two hours before the friday close (weekly close if you want). I normally have not fix TP. But after what happened and such a stong spike, I placed the target slighly above 3,30 and got stopped with positive slippage.

Hope you enjoy my posts and are able to grab here and there something. Don't hesitate to contact me here. I will be more than happy to assist.

Green Pips,
TT

Here a couple of current trades and trades I closed today

This is EURUSD. I took this trade last week friday.

As you can see, my charts are pretty much naked.
I took the trade because I liked the location and the market structure. I might be getting more into details in a different post.

Another trade I closed today is EURAUD.

This is an asset I was monitoring since last week. Finally I had a signal and a trigger with yesterday close. If it was not for NFP I would have kept the trade open. I am not really expecting much volatility from this time on. But I was willing to take another shot at this pair if I get a nice setup on H4 timeframe. Spoiler alarm. I didn't get a setup. So I am leaving this pair alone for the time being